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line in terms of fiscal cliff spending and revenue raised in the next three weeks, and, yes, that's at the end of the month. they'll get through that, but, again, you want to have leverage when you have that conversation. that leverage is going to, i think, hinge off of what you were saying, and i think you're right. boehner has probably the better hand to play here given that really there's not a strong hand, but it's a better hand than what he otherwise would have in terms of negotiations. if he is just allowed get in the room and negotiate the deal because he knows he has all these other, you know, arrows in his quiver that he can use. >> i just -- i think it's hopeful that they went -- that he went to the white house yesterday and almost kind of hopeful that at least everybody is agreeing not to say anything, as opposed to leaking bad news. really quickly, jonathan, the president is going to michigan, and he will be -- well, he is there en route now. the right to work law in michigan could be signed as early, i believe, finalized as early as tomorrow. what is the president owe
in spending. by the way, by choosing to make his fiscal cliff pitch in michigan, the president is stepping into the fierce battle over worker rights in that state. they are becoming the 24th state for right to work state. the bill pushed through by the republican controlled house and senate in michigan, the daimler detroit michigan plant, the white house came out against the move sighing president obama has long opposed right-to-work laws and continues to oppose them now. by the way, a quick little aside on this disagreement among conservatives about what tactic boehner should take "the journal" versus kristol. this gives boehner more room, more power, more of an ability to get a deal done because there isn't conservative consensus on how to back seat cut boehner. secretary of state hillary clinton finishes up her final weeks as america's top diplomat and has to contemplate her next move. the clinton world is not sitting quietly, though. t "the new york times" kicked off what is likely to become a monthly exercise by somebody in the media. we may come up with a meter. probably throw in jeb
that will happen with the fiscal cliff is the massive withdraw of government spending and we haven't talked about that as much as taxes. people with less money because of tax cuts going away would have less money to spend into the economy but also the federal government withdrawing federal spending from parts of the economy that are used to getting it, the military, et cetera but other sectors nonmilitary. that's the other piece that could hurt people. >> when we talk about the fiscal cliff and back and forth that is happening between the white house and the hill, i guess i'm confused because on one hand there is a sense that this is all par for the course, they know they're going to get a deal done, it's fine, everything is good and then there's also this sort of the pr blitz which is, we are very far from a deal. this is what ayman alluded to this, the speaker had a press conference a few minutes ago. david axelrod giving his take and john boehner giving his take. let's take a listen. >> you saying then for pr purposes -- >> the president and the speaker are very fluent in the basic numbers. th
's a very good chance that we'd be able to avoid a lot of the fiscal cliff. >> behind the scenes negotiations continue today. republicans say they're waiting for the president to outline more spending cuts. the three big issues, tax rates, entitlement reform, medicare and social security, and whether to raise the debt ceiling. we're about to hit it again, and america may need to borrow more. and on those issues at least for now on chilapitol hill, democra seem to think they have the upper hand. that's it for now. >> thanks so much. >>> last night he describes what he says is to use the debt creel as a pawn in the fiscal cliff negotiations. >> they see the handwriting on the wall and they're going to have to extend it, and if they don't the whole country will see they were willing to tank the entire economy and give everybody the tax break to give people at the top a bonus. where they're just dead wrong, ed, is thinking they're going to gain leverage over this debt ceiling because the american people are not going to stand for republicans turning right around and threatening to de
have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. >> let me bring in our "news nation" political panel this hour. chris cafinus, michael smerkonish and louies romanis. what are we to make of speaker boehner coming out today, not sure of the overall message other than he wanted to have, i guess, a sound bite to play today as we continue to talk and the president is off at least negotiating behind the scenes on the fiscal cliff. >> i think you called it, tamron. look, the rhetoric is scaled back dramatically in the last few days. they're talking and seriously evidenced by the fact we're not learning that much. they're keeping it pretty close to the ve
doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that takes go up for the wealthy. >> will i accept a deal? >> yes. >> we don't have a lot of cards before year end. we have one house. that's it, the presidency and the senate. it's in the democrat's hands. >> since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, i would get that off the table now so they don't worry about it. >> democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates 2%, you won't generate enough revenue to have meaningful deficit reductions. >> republicans want big spending cuts to programs like medicare and social security. >> we don't want to be back here in another year or ten years answering the same questions. >> reporter: as talks continue on both sides of pennsylvania avenue, americans from main street to wall street wait to see who will blink first. brian moore, nbc news in was
like the fiscal cliff negotiations, immigration reform has become like taxes and spending. do you do it step-by-step, which is what the republicans like, because they'd like to show they are tough on security and there isn't a legal path to citizenship for illegal immigrants, or do you do the whole thing all together? if i were carl rove, which isn't something i imagine myself being often, i would knock on the door of olympia snowe and say what are your lessons for us? >> fun conversation. >> that would actually be a fun conversation. we hope that carl rove, if you're listening, takes that advice. >>> coming to the recent data, planned parenthood provides less than 5% of resources to abortion services, but that's not stopping republicans in their quest to defund the organization entirely. we'll head to the lone star state and take a look at the eye of the storm just ahead. >>> lauren wanted to introduce cabbage to mainstream america. she created mother-in law's kimchi. for more, watch 7:30 on msnbc. we are gathered here today to celebrate the union of tim and laura. it's amazing how
's something that won't happen. short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conservatives from
fear of republicans we cut a deal in the short term on fiscal cliff without any real spending reform or tax reform and won't have enough time or political will to get the real reforms that need to take place and republicans raise taxes and get no spending cuts. >> that's the biggest fear of democrats we don't deal with thi this. >> eugene, we were showing the tape of harry reid. we write, republicans must wise up. the biggest problem the republican party faces is not uninspiring candidates or unsound tactics, it is unpopular ideas. >> good lord, gene, you have just written a column i disagree with even more than jeff gre greenfeld's column. it will be one of the better segments. we can talk about that for five hours. keep reading, i can't wait to hear what's next. >> this reality was brought home in last month's election and playing out in the struggle over how to avoid the fiscal cliff and we will see it again in coming fights of immigration and entitlements and a host of other things. the sad thing is republicans get this stuff so wrong that democrats aren't even forced to go to th
week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff erskine bolles. as he said on sunday, we have to cut spending. well, he is right. washington has a spending problem. let's be honest, we're broke, and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting. cordal. we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. you know, where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not physicianing our problem. frankly, it's making it worse. on top of that, the president wants to raise tax rates on many s
to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to 45, details on proposed spending cuts by the president, pages 17 to 45. i recommend them to you. >> so, at this point, a deal before christmas looking unlikely. as senate majority leader harry reid admitted yesterday. but in an interview with barbara walters, president obama predicted that republicans would eventually give in on taxes. >> the most important thing we can do is make sure the middle class taxes do not go up on january 1st, and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction. are you going to be able to raise taxes, yes or no? >> oh, taxes are going to go up one way or another. >> oh, they are? >> and i think t
of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase on the debt limit, like forever. four days ago we offered a serious proposal, based on testimony of president clinton's former chief of staff. since then, there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the cliff. instead of cutting spending, the president want to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would c
cliff hostage. and that's really unacceptable. president obama has put spending cuts on the table. he's put an increase in the tax rates for the wealthiest americans on the table. we've put making sure that we have p get a tremendous amount of savings out of the entitlement programs. what have the republicans put on the table? virtually nothing. it is time to be rational and compromise. >> to that point, what haley barber said this morning about the possibility of compromise. he was on "morning joe" today. >> as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. i would hold my nose despite the facts that raising those two tax is bad economics, bad for jobs, going to hurt the economy. i would hold my nose to get the other done. what i wouldn't do is vote for that and do nothing else. >> does he have a point? are democrats really prepared to deal with entitlement reform to maybe substantive cuts, the kinds the republicans are calling for? >> chris, hail by barbour mentione
because in just a couple weeks the fiscal cliff is coming to town. merry cliffmas. if the parties here cannot agree to a budget deal by january 1st, automatic spending cuts will kick in and plunge america into a second recession. and things are not looking too good. >> democrats and republicans are blaming each other for the negotiations. >> who's going to blink first? >> who's going to blink first? >> the white house is daring republicans to blink. >> obama is daring republicans literally to blink. the joke's on him because i know some republicans who have had their eyelids surgically removed. >> also what caused former indiana senate candidate richard mourdock at first the likely winner in that race to end up losing to joe donnelly? you might well point to this moment from a mourdock/donnelly debate. >> i struggled with it myself for a long time but realized life is a gift from god. even when life begins in the horrible situation of rape it is something god intended to happen. >> mourdock's popularity plummeted after that. now he's trying to pay down campaign debt. guess who's gettin
are willing to compromise to avert the fiscal cliff. what are the people at home thinking of their actions. we have a pri view for a poll that debuts tonight. part of that is compromising what folks want to see from the lawmakers. >> a lot of americans want to see compromise. according to the poll, 65% want a compromise balanced deal to reduce the deficit. even if they have to reduce the entitlement program like medicare and social security and the republicans on have to support increase in tax rates for the wealthy. of course you were playing a lot of clips from people open to compromise. it does seem to be the broad parameter that want a balanced deal. that's what john boehner and president obama are currently arguing about. par are it's interesting, mark. you and the team noted the confusion, if you want. maybe because of the leadership. the headlines and the ap has the headline fiscal cliffs appear to be stalled and the hill's headline edge towards the deal and deficit reduction negotiations. are both true? >> both are true and you have to look at the totality of the story. today is wednes
automatic tax increases and spending cuts will send the economy over the fiscal cliff, and around the capitol there's largely the sound of silence as the white house and congress try to work out a deal behind closed doors. the president has no public events on his schedule. and all through the house, not a creature was stirring except, that is, for john boehner, who emerged to gavel the house into session this afternoon after a week's recess with his trademark holiday cheer. >> washington has a spending problem. now, the president doesn't agree with our approach. he's got an obligation to put forward a plan that can pass both chambers of the congress because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> i'm sorry, i meant his trademark ba ham bug which he's been doling out by the sleigh load. >> there's a stalemate. let's not kid ourselves. we have a debt problem that is out of control. we've got to cut spending. washington has got a spending problem. just more of the same. >> more of the same indeed. a
changes to entitlement spending by the end of these fiscal cliff negotiations. it looks like democratic leaders are right now warming to the idea of raising medicare premiums for wealthier people. you in the past have been somewhat outspoken in terms of your opposition to the idea of altering entitlements in a dramatic way. are you changing your tune? >> no. however, i will say this. we have taken seriously the fact that we have an obligation to our seniors, that medicare has worked for millions, almost 450 million americans, seniors mostly but disabled. and we want to start the discussion about medicare with the promise we are going to keep medicare and find a way to contain the rate of growth in costs under medicare and all health care been helpful. >> sure. >> but we'll meet that obligation to our seniors. that's where i think we start. >> it sounds like you are open to the idea, then, of some tweaks to medicare, to some tweaks to entitlements for revenue. >> my conditions are -- and i think this is true for most democrats -- is that we maintain the universality of medicare, all seni
of the fiscal cliff. let me take a look at that. >> no real reform. instead spending taxes. we neat bipartisan ideas we can all support. >> dana, is any of that going to make a difference or maybe a broader point is how much are outside groups generally, whether it's on the hill or on tv influencing this debate? >> if it works as well as karl rove's effort during the campaign, i think the president is going to ask him to run more of those ads because it didn't work out so well for him the last time. this is a little different from a political campaign in that spending by interest groups is probably not going to be big enough to crowd out all of this noise that's being made here. i think that interview you just had with tom price was extraordinary for what he didn't say. he didn't say i won't allow taxes to increase. he said it depends on what the overall package is. that's an extraordinary admission is for one of the most conservative congressmen in the house and i think it shows where these guys are headed. >> when you look at the polls and you see how the messaging is working, susan, and to
slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to see the spending cuts first, show me yours first, before i give you anything on the tax hike. it's this game of who's going to blink first. but it really doesn't benefit john boehner to continue this, as we see the public opinion and his brand is really taking a hit on this. >> i think so. we've seen this movie before. there's a lot of enthusiasm for vague cuts but when you have to actually decide what gets cut, even republicans blanch. the bloomberg poll out today shows 50% of republicans think that it's time to raise the taxes on the top 2% because the president has a mandate. that's just republicans. the majorities get even hi
is assuming unprecedented power to spend taxpayer dollars without any limit at all. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go
our economy gets to the fiscal cliff. >> that slow walk comment specifically was in response to that counteroffer. here's what the white house press secretary responded to boehner. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long. >> yesterday afternoon after all of that back and forth, republicans delivered a formal counteroffer. it was virtually identical to the proposal the president rejected a week ago, but with more detail. the congressional liaison met with boehner's top aide and last night he called boehner himself all to make sure they didn't start trashing each other's proposal. the white house is on the cautiously optimistic side. the house republicans are on the cautiously pessimistic side. they will get a deal and boehner's strong statement on the house floor was for effect for his own problem. they didn't want to make major concessions or counteroffers until boehner admits publicly that the tax rates are going up. this is a little bit
to hit really abruptly. that's part of the reason we want to avoid the fiscal cliff. it's actually too much deficit reduck sln too quickly in the wrong parts of the budget. you want a more thoughtful, thought out plan. on your point about the debt ceiling, we what we need is to have certainty, know where we're headed. not have multiple showdowns but the debt ceiling is only going to be increased significantly if it goes hand in hand with a big enough deal which has real changes in the budget. so the best thing we could do is put in place a balanced plan deals with all parts of the budget and really provides the kind of sense of security that households, small businesses, everybody needs to know so we can start planning for the economy and hopefully getting things growing back again. one of the things you see is that when your debt levels are as high as they are, in this country right now, that's a tamp on economic growth and can harm growth. that's the point we're at. we know that part of a growth strategy will have to be getting control of these deficits and debt and fix the debt as b
we call the fiscal cliff is a law that republicans voted for and that the president steered them to vote for. and strategically, he was victorious in that. the theory of this thing was, no one wants it to happen. no one wants anything in this bill to happen. the rates to go up or all the spending cuts. but it turns out that the democrats and the president like more of what would happen on january 1 than republicans. >> do you know who agrees with you? rick santorum. i spoke to him on press pass and this is what he said. and newt gingrich, you respond after you hear this. >> the greatest leverage he has is that he put together a deal with the republicans over a year ago that gives him pretty much what he wants. which is a dramatic -- which is taxes back to the pre-bush rates. so it gets all the tax increases. and he can blame the ones that are not popular on republicans for not negotiating. he gets something that he'll never get in a negotiation. >> the rest of that conversation online, by the way, with rick santorum. newt gingrich? is that why the president and geithner are sayin
as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change the conversation from taxes to cuts. what do they want? >> well, they want entitlement reform and what we've seen is that the white house has moved a little bit. the president seems to be open to some form of entitlement reform, maybe not what john boehner wants, but they have said in the last couple of days that they will do corporate tax reform. so we are seeing some movement from the white house, but nothing yet from the house republicans. >> all right. john boehner just came to the microphone. he's just met with his caucus. let's see if he has anything new. >> -- the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out the day after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not be
go over this fiscal cliff we're hurting the job market. it's fascinating to see how they change messages day by day. another example is the increase in the medicare eligibility age. this is a big thing on their wish list. this does not save money. this raises the cost of health care if you look economywide. there's not a good policy reason to do this. but it becomes a trophy. a substantiveless trophy. >> right. okay. julian, boehner's office is denying that they asked for permanent tax cuts for the rich saying any talk of making any rates permanent is moot because part of their offer is doing comprehensive tax reform next year. are you buying that? >> no. i think it's important right now to step back and understand the stage craft that the losing side in these debates always has to go through. i went through two of these negotiations very intimately when i was a staff government reform committee in '91. it's slow walking. when one side realizes they've lost debate but not able to go to their caucus and tell them they lost. in boehner's case because he's a weak speaker at the mom
support clinton to succeed president obama. 37% would not. ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support them. >>> and "the daily show's" jon stewart says maybe we should go off the fiscal cliff. >> back and forth of offers. it's pretty clear the republicans aren't going to come to the table with anything reasonable. i'll be the one to say it, i know it will be disastrous and doom our economy for years to come, let's go over the [ bleep ] cliff. fine. just leave the negotiating tables and send us over the cliff. you know why? at least for a few seconds, it will feel like we're flying. >> all right. that's going to wrap things up for me today. thanks for
and the longer the white house slow walk this is process, the closer our economy gets to the fiscal cliff. the american people have to be scratching their heads and wondering, when is the president going to get serious? >> if there's one fact that should not be in dispute it ought to be this. the president unlike any other party to these negotiations has put forward detailed spending cuts as well as detailed revenue proposals. it is a simple fact. >> i was hoping for actual video of the grinch. to help sort things out today, we have joan walsh, editor at large of salon and did many, many things in her career and besides being steve's own boss. we are obligated to say that every single time she is on. congratulations for hiring steve. i think we have covered that. good job, joan. >> my finest moment, clearly. >> absolutely. look, there's an idea being batted around about raising the medicare age from 65 to 67. you write a lot about in it your piece today on salon.com. a lot of people exasperated at this idea. why are you against it? >> it's a terrible idea because it saves some money but i
of fiscal slope to a cliff. you're wrong, sir. good night. >> that's a great way to decide it. >> just because you're a -- >> guys, what's for dinner? >> i spend a lot of time on cnbc because you're outnumbered doesn't mean you're wrong. >> good point. >> jared and peter, thanks very much. maybe we'll have both of you back. we'll see. all right. we're waiting on news from the supreme court. they could finally decide to take up the issue of gay marriage today. next in the spinning, boehner and obama one on one. watch out, mr. speaker. you know the president knows how to drive to the hoop. "the cycle" rolls on friday, december 7th. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronge
of this so-called fiscal cliff deal? >> well republicans are pushing all along, saying we could actually see a scenario where our members agree to rate hikes. if you brought the real money to the table. aggressive entitlement reform. some kind of medicare overall is what's anticipated. because democrats have said they're not going to touch social security and medicaid is an expansion of medicare. but medicare is the program that was in the offing in the 2011 budget deal that fell apart between the speaker and the president and the republicans are asking him to look at that program. the left is telling him not to. you hear a lot of talk about how they want to focus on the taxes and get us over the fiscal cliff. but as i said before, it doesn't matter what the president says about the debt ceiling fight. republicans are not budging on taxes without entitlement reform. they're willing to go over the cliff and when there's nothing else to talk about but the debt ceiling increase in january, it has to be for medicare reform and exchange. >> dollar figure on entitlement reform, what are you thinki
year 2012 and the amt fix is now the sleeping giant in the fiscal cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joeyรง reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have to be calculated with either this new version of the amt or the fixed version, and that is the difference between it affects -- it adds tens of millions of people getting bitten by this thing. i know that the insiders are more worried about that actually getting fixed than the cliff at this point. >> yeah. when i started covering capitol hill in washington, there were two things that people talked about, which was the amt patch and the dock fix. everyone is like where are we on the amt fix. they adjust the payments a
negotiations over the so-called fiscal cliff stand. for the first time in a while the president has no public events today. on his agenda he has spent the last few weeks as you know on this relentless pr campaign to talk about it. and his lack of a tuesday to do list adds punch to reports like this one in the "wall street journal" with the headline talks take positive turn. >> john boehner, sitting down with the president, seems these two men are getting the job done, from what we hear. >> it is the serious business because they've got to come to a framework at the end of this week if they're going to get it written in time and passed in time so they all don't have to spend christmas in washington. >> that's right,er. wants to get out of town for the holidays. we are book now with our political power panel. msnbc contributor ron reagan and republican strategist. this is where things stand. last night the president's team called boehner, asked for more details on taxes. boehner's office says that they want more details on spending cuts. so here's what senator bob corker had to say on the deal.
on with the fiscal cliff? could the number get any better? >> i think that is the hope on wall street and republicans that have been talk ug for years and of the business community and to start spending down their profits and there might be a better sort of ofavalanche, if u will. the question is, what does that deal have to look like to unleash those hopes? it probably has to be something permanent and not a punt. >> the republicans talked about two things, though. one, as you say, is about certainty and they say that businesses need that certainty to start hiring but they've also warned that if tax rates go up on the wealthy that would have have a negative impact. >> i think republican orthodoxy is bad. if you raise taxes on the wealthy, absolutely, it's going to drag on growth a bit. but the hope is among the analysts is that the positive impact of getting certainty and beyond just certainty, seeing that washington can avoid a debt limit fight, that might help boost confidence that would be very conducive to job creation. >> you bring up a very important point because we were talking to a congress
like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >> i'm up. what happened? is it over? [ bleep ] >>> good morning. it's wednesday, december 12th. look at that shot of new york city. >> wow. >> it's dark at 6:00 on the east coast. welcome to "morning joe." with us on set here in new york city, we have msnbc contributor, mike barnicle. >> in my ear, mika. >> no, he was at the white house. >> i don't understand. where's t.j.? >> he's off today. >> why's that? >> he was busy. he went to the white house. >> that's great. you know, alex went to the white house, too. >> and drove back himself. >> let me get this straight. so alex goes to the white house last night. >> mm-hmm. >> because, you know, right-wing bloggers, we actually -- that's how we get our talking points. they go down -- valerie and david axelrod together make a big pot roast for us. >> mm-hmm. >> and lots of gravy. and we sit around eating
right now. >>> our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> there's, of course, no deal. >> of course! is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! but the ongoing talks. >> there aren't even very many talks going on. >> you're killing us! give us something. >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! >>> good morning. it's wednesday, december 5th. welcome to "morning joe." live in the nation's capital. this is exciting. and you know, i said, let's do a show from washington, d.c., because they get so much stuff done there. it's like silicon valley. and going there when steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> washington is the place
the fiscal cliff. they can't agree on which path to take to get there. >>> i don't think republicans or americans want to raise any taxes just to continue this spending in washington. they want a more efficient and more accountable. what we are saying is we need to do what ronald reagan did with tip o'neill, show the leadership to get in the room. same as bill clinton did with newt gingrich. get in the room and make the changes that are needed. >> the president wants to solve the problem. it's what he said in the campaign. it's what he's saying now. we cannot lurch from one crisis to the other. think of all the times tea party republicans and speaker boehner threatened to shut down the government over the debt ceiling. listen, if we are going to have this certainty for businesses to invest and know new jobs are being created we have to get this behind us. >> joining me now, dana millbank and kristina. it's great to have you both here. bob corker said the idea of raising taxes on the top 2% has merit. the question is how much merit it has with speaker boehner and the republican party.
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